Nigerian banks increasingly rely on short-term commercial papers (CPs) to navigate liquidity challenges as the Central Bank of Nigeria (CBN) enforces stringent cash reserve policies, significantly driving up the cost of deposits. The move highlights the growing pressures on financial institutions in the face of aggressive monetary tightening measures by the apex bank. Access Holdings … Continue reading Nigerian Banks Struggle with Liquidity Crisis, Turn to Costly Commercial Papers Amid CBN’s Tightening Policies